Kopin (NASDAQ:KOPN) Shares Up 10.5% – Still a Buy?

Shares of Kopin Corporation (NASDAQ:KOPN) were up 10.5% during mid-day trading on Thursday . The company traded as high as $5.09 and last traded at $5.0850. Approximately 4,718,608 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 5,753,849 shares. The stock had previously closed at $4.60.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on KOPN shares. Craig Hallum reiterated a “buy” rating and set a $10.00 price target on shares of Kopin in a research report on Tuesday, May 12th. Stifel Nicolaus upped their price objective on shares of Kopin from $5.50 to $6.50 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Lake Street Capital increased their target price on shares of Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings raised shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Kopin from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kopin has a consensus rating of “Moderate Buy” and an average target price of $7.15.

Kopin Price Performance

The company has a fifty day moving average price of $4.25 and a two-hundred day moving average price of $3.08. The firm has a market cap of $942.59 million, a price-to-earnings ratio of 515.02 and a beta of 3.43.

Kopin (NASDAQ:KOPN) last released its earnings results on Tuesday, May 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Kopin had a return on equity of 4.85% and a net margin of 5.00%.The firm had revenue of $10.55 million for the quarter, compared to analyst estimates of $9.96 million. On average, research analysts expect that Kopin Corporation will post -0.02 earnings per share for the current fiscal year.

Insider Activity at Kopin

In other news, CEO Michael Andrew Murray sold 187,920 shares of the business’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $2.80, for a total transaction of $526,176.00. Following the sale, the chief executive officer directly owned 2,931,122 shares of the company’s stock, valued at $8,207,141.60. The trade was a 6.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 116,860 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $3.95, for a total value of $461,597.00. Following the sale, the chief operating officer directly owned 480,005 shares of the company’s stock, valued at approximately $1,896,019.75. This represents a 19.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 524,760 shares of company stock worth $1,763,275. 2.80% of the stock is currently owned by company insiders.

Institutional Trading of Kopin

Hedge funds have recently bought and sold shares of the company. UBS Group AG raised its holdings in shares of Kopin by 40.3% during the fourth quarter. UBS Group AG now owns 1,359,380 shares of the company’s stock valued at $3,181,000 after acquiring an additional 390,404 shares during the period. DNB Asset Management AS grew its position in Kopin by 123.2% during the 4th quarter. DNB Asset Management AS now owns 1,294,368 shares of the company’s stock worth $3,029,000 after purchasing an additional 714,423 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in Kopin during the 3rd quarter worth approximately $976,000. Herald Investment Management Ltd lifted its holdings in shares of Kopin by 30.3% in the third quarter. Herald Investment Management Ltd now owns 2,000,000 shares of the company’s stock valued at $4,860,000 after purchasing an additional 465,000 shares in the last quarter. Finally, Telemark Asset Management LLC boosted its position in shares of Kopin by 25.0% in the third quarter. Telemark Asset Management LLC now owns 5,000,000 shares of the company’s stock worth $12,150,000 after buying an additional 1,000,000 shares during the period. 30.96% of the stock is owned by hedge funds and other institutional investors.

Kopin Company Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.